Cryptocurrency
Despite soft bans and official pronouncements otherwise, Chinese firms appear to be launching headlong into cryptocurrency mining. CnLedger, a Twitter-based Chinese crypto news information provider, relayed the report from Chinese Internet service qq.com, stating Alibaba’s ‘P2P Nodes’ platform had “launched” after a registration in October 2017. Another Chinese conglomerate, Tencent, has registered a “Blockchain-related trademark” […]
Some financial advisors have dubbed the phenomenon the “F.O.M.O Syndrome,” or the fear of missing out on a supposedly sure thing — whatever the motivation, around one in five Bitcoin buyers are borrowing to add to their holdings. Speculators are so desperate to get in on investing in Bitcoin that they are investing with borrowed […]
Rumors, gossip and speculation have been rampant since last November, when Amazon bought three cryptocurrency domains: amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. Some newsletters have even announced dates when Amazon will start accepting cryptocurrencies, including Bitcoin, seeking to drive up the price. However, Amazon Pay’s VP Patrick Gauthier told CNBC last month that Amazon had no plans […]
Privacy cryptocurrencies have gotten a bad rap in the wake of the federal shutdown of The Silk Road drug market and the publicity around the use of Bitcoin and other alt coins for illicit activity on the dark web. Cryptocurrencies have a legitimate place in any alt coin portfolio and also as a tool for […]
Reports of South Korean “zombies” trading cryptos without sleep or daylight and sometimes even food for days on end have alarmed the public. More alarming to fans of blockchain and cryptocurrencies are the oftentimes contradictory reports of a possible ban on all cryptocurrencies and exchanges in a country known for its passion not just for […]
Price action aside, there are only about 4 million Bitcoins left to be mined. That begs an interesting question: Will the most popular cryptocurrency increase in value? Crash out of sight? Something else? A lot depends on who you ask. Bitcoin is currently trading on major financial markets at about $10,600. While this is indeed […]
Korbit, a South Korean cryptocurrency exchange, has banned non-citizens from depositing the Korean won, will require proof of identity for all accounts, and will ban minors from trading. This is in line with the South Korean government’s new rules intended to dampen crypto mania. South Korean citizens have been borrowing hundreds of thousands of dollars […]
Bitcoin, the world’s largest cryptocurrency by market capitalization, has fallen by as much as 50 percent from its all-time high of $20,000 set just a month ago. It’s not just Bitcoin. Ripple (XRP), Stellar Lumens (STR) and Cardano (ADA) were down at least 25 percent on the day each. Ethereum’s Ether (ETH) token shed 18 […]
BitConnect announced it would shut down its lending and exchange services yesterday fueling speculation that it was nothing more than a sophisticated Ponzi scheme. The company, which made its foray into the cryptocurrency scene with an ICO in late December 2016, swiftly cemented its position as one of 2017’s best performing currencies on CoinMarketCap. Three […]
Telegram, the secure messaging platform that recently made headlines for being banned during the Iranian protests, is planning an initial coin offering (ICO) to raise as much as $3 billion, with a pre-ICO sale of $500 million. The ICO, expected in March, would potentially be the largest private cryptocurrency financing to date. Telegram’s Russian co-founder […]
